Which stocks are most correlated with ELV?

Based on one year of daily returns, the stocks most correlated with Elevance Health, Inc. (ELV) are IHF (0.76), UNH (0.67) and UNHG (0.67). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with ELV?

Over the past year, the stocks most inversely correlated with Elevance Health, Inc. (ELV) are RXD (-0.35), SDOW (-0.27) and DXD (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Elevance Health, Inc. (ELV) — Stock Correlations & Overview

Over the past year, ELV has moved most closely with IHF, UNH, UNHG. Explore the stocks most correlated and inversely correlated with ELV below, along with its price, financials, and company profile.

Stocks correlated with ELV

Correlation of daily returns. Higher positive values move with ELV; negative values move opposite it. Informational only, not investment advice.

Most correlated with ELV

Symbol	Company	Correlation
IHF	iShares U.S. Healthcare Providers ETF	0.76
UNH	UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS	0.67
UNHG	Leverage Shares 2X Long UNH Daily ETF	0.67
CNC	Centene CorporationHOSPITAL & MEDICAL SERVICE PLANS	0.57
CVS	CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES	0.54

Most inversely correlated with ELV

Symbol	Company	Correlation
RXD	ProShares UltraShort Health Care	-0.35
SDOW	ProShares UltraPro Short Dow 30	-0.27
DXD	ProShares UltraShort Dow 30	-0.27
FAZ	Direxion Daily Financial Bear 3x ETF	-0.27
DOG	ProShares Short Dow30	-0.27

Frequently asked questions about ELV correlations

Which stocks are most correlated with ELV?: Based on one year of daily returns, the stocks most correlated with Elevance Health, Inc. (ELV) are IHF (0.76), UNH (0.67) and UNHG (0.67). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with ELV?: Over the past year, the stocks most inversely correlated with Elevance Health, Inc. (ELV) are RXD (-0.35), SDOW (-0.27) and DXD (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these ELV correlations calculated?: We compute the correlation of daily returns between ELV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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